Ballard's 45% YoY revenue surge in 2026Q2 to $20.1M suggests improving demand, but gross margin of only 19.8% and operating margin of -62.0% indicate that scale has not yet translated into profitability. The company's cash reserves have eroded 30% from $719.9M...
Price trend, volume and key moving averages
Trailing total returns as of 9/22/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 31, 2026 | -$0.07-75.0% vs -$0.04 | $20M-19.4% vs $25M |
Q2 2026 May 5, 2026 | -$0.04+33.3% vs -$0.06 | $19M-4.5% vs $20M |
Q2 2026 Mar 12, 2026 | -$0.06+14.3% vs -$0.07 | $33M+3.6% vs $32M |
Q4 2025 Nov 13, 2025 | -$0.09+18.2% vs -$0.11 | $33M+1.3% vs $32M |
/PRNewswire/ -- Ballard Power Systems Inc. (NASDAQ: BLDP) (TSX: BLDP) (« Ballard »), leader mondial de la technologie des piles à combustible à hydrogène, a
The combined business brings together Ballard's proven fuel cell technology and global scale with GeoPura's Hydrogen Power Units, fuel supply capabilities and Energy-as-a-Service business model. VANCOUVER, BC and NEWCASTLE, UK, Aug. 28, 2026 /PRNewswire/ -- Ballard Power Systems Inc. (NASDAQ: BLDP) (TSX: BLDP) ("Ballard"), a global leader in hydrogen fuel cell technology, today announced that it has closed the acquisition of GeoPura Limited ("GeoPura"), a leading UK-based provider of zero-emission, hydrogen-based power solutions.
Ballard Power Systems, Inc. (NASDAQ: BLDP - Get Free Report) (TSE: BLD) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 16,558,574 shares, a drop of 35.7% from the July 15th total of 25,762,152 shares. Currently, 5.5% of the shares of the stock are sold
Ballard Power Systems Inc. reported moderate revenue momentum in Q2, but the backlog finally showed an improvement due to strong orders. Cost cuts in R&D and manufacturing have cut BLDP's losses significantly, enabling a very long cash runway. The GeoPura acquisition deepens BLDP's position in the hydrogen value chain.
Benchmark BLDP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Ballard Power Systems Inc. (BLDP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.22 | $669.28M | -7.40 | 45.04% | -91.45% | -14.66% | — | |
| $2.09 | $2.92B | -1.48 | 12.9% | -220.59% | -169.95% | — | |
| $17.96 | $951.48M | -2.42 | 41.05% | -113.94% | -21.91% | — | |
| $20.53 | $1.91B | -21.84 | — | — | -46.86% | — | |
| $272.89 | $80.37B | -737.54 | 37.33% | 7.87% | 24.14% | — | |
| $1.99 | $3.6M | -1.42 | 762.68% | -104.49% | -220.6% | — |
Ballard Power Systems Inc. (BLDP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Ballard Power Systems Inc. (BLDP) stock FAQ — growth, dividends, profitability & financials explained
Ballard Power Systems Inc. (BLDP) reported $105.6M in revenue for fiscal year 2025. This represents a 462% increase from $18.8M in 1996.
Ballard Power Systems Inc. (BLDP) grew revenue by 45.0% over the past year. This is strong growth.
Ballard Power Systems Inc. (BLDP) reported a net loss of $76.8M for fiscal year 2025.
Ballard Power Systems Inc. (BLDP) has a return on equity (ROE) of -14.7%. Negative ROE indicates the company is unprofitable.
Ballard Power Systems Inc. (BLDP) had negative free cash flow of $37.0M in fiscal year 2025, likely due to heavy capital investments.
